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Liverpool and Bayern Munich are in talks over the transfer of Luis Diaz, with the German champions returning after it saw a bid of €67.5 million ($79M/£59M) rejected 10 days' ago.
Bayern is looking to bolster its attacking options following the summer exits of Leroy San, Thomas Muller and Mathys Tel, while Jamal Musiala suffered a horror leg break at the Club World Cup that will see him missing the opening months of the season at least.
Liverpool is also in the midst of a busy window, although the majority of its first-team business has centered on arrivals.
The Reds' stance all summer has been that Diaz is not for sale, but Liverpool.com understands they are now willing to discuss a possible transfer for the Colombian.
Reports in Germany on Friday claimed Bayern had submitted a second offer for Diaz, but it's believed that is a little wide of the mark.
The Bavarian club approached Liverpool to discuss a possible transfer, and for the first time this summer, the Reds are now will willing to negotiate.
While no figure or value has yet been indicated by Bayern, it's understood that Liverpool is braced for a second bid.
Having missed out on Florian Wirtz earlier this summer, Bayern is pushing hard to sign Diaz, who has two years remaining on his Liverpool contract.
The Premier League champions have been insistent this summer that no talks over an extension are planned, a stance that has been relayed to Diaz and his represnatives.